Our elites blamed "challenging business environment". Co-ordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan told a Singapore Maritime Foundation New Year cocktail reception on Wednesday, “2015 was yet another challenging year for many shipping companies. Demand for shipping remained weak due to sluggish trade growth (and) coupled with an oversupply in tonnage".

The latest record firmly places PTP on the road to achieve target total container throughput of 9.2million TEUs for 2015. PTP container volume for the first eight months this year has registered a growth of 8.9% compared to the same period last year.

The OECD ITF report also showed that Singapore's container movements came up short when compared to Shenzhen which averaged 133 in 2014, Hong Kong which averaged 74, and Malaysia's Port Klang which averaged 69, and the Port of Tanjung Pelepas which averaged 81.

Despite being in world best geographical position, having super talent top leadership and having access to the entire world of foreigner talent as recruitment base, Singapore port productivity appears to be disturbing.

With such leadership and everything going downhill, we may soon become a poor country.